Purchase Requisition (Pr) Definition

A purchase requisition (PR) is a formal request to your company’s purchasing department to buy goods or services. The PR is usually created by someone in your company who needs the goods or services for their work.

The PR includes all of the information that the purchasing department will need to identify and purchase the requested items, such as:

– A description of the goods or services needed

– The quantity needed

– The desired delivery date

– The budget code to charge the purchase to

– The name and contact information of the requester

Creating a PR is the first step in your company’s purchasing process. After the PR is approved, it will be sent to potential suppliers who will then provide quotes for the requested items.